US Museums To Sell Off Art Treasures
Paintings by Picasso, Chagall and Modigliani will be sold by a variety of prestigious institutions, including New York's Metropolitan Museum of Art, the Museum of Modern Art (Moma), the Art Institute of Chicago and the Los Angeles County Museum of Art. Museum directors say they are selling works that have been gathering dust for years in order to replenish their stocks.
"It's only healthy," John Elderfield, the chief curator of painting and sculpture at Moma, told the New York Times. Moma hopes to sell 13 works, including works by Picasso, Henry Moore, and Theo van Rysselberghe's picture of a French Mediterranean harbour, at Christie's next month.
"When the collection was initially developed, Conger Goodyear, the museum's first president, said it would have the same permanence as a river - we know what direction it is going in, but it has to be fluid. That's how we operate. "The van Rysselberghe is very good," he said, by way of example. "But that early part of our collection we don't wish to develop."
With 43 works up for sale at Sotheby's the Los Angeles County Museum of Art is selling more than most and hopes to earn between $ 10m (£5.6m) and $ 15m. "We've taken a pretty aggressive look at the collection, something we don't do that often," said Nancy Thomas, the museum's deputy director. "It's more about the collection and the opportunity to improve it than it is about the market."
comments powered by Disqus
- Study: Violent radicalism in UK isn't associated with poverty
- CONFIRMED: the Shrine of Jonah/Mosque of Yunus (Nineveh, Mosul, Iraq) has been destroyed
- Chinese President Xi Jinping: Nobody can change history
- Iraq’s Long-Lost Mythical Temple Has Been Found…and Is In Danger of Disappearing Again
- CBS features in-depth coverage of the 50th anniversary of the signing of the Civil Rights law
- Obama to award National Humanities Medals to 3 historians
- Historian Curt Gentry, known for Hoover biography and ‘Helter Skelter,’ dies at 83
- Harvard historian: strategy of climate science denial groups 'extremely successful'
- Curators at Victoria and Albert Museum are pushing the boundaries of collecting
- Ukrainian Leaders Are Using David Barton's Theocratic Pseudo-History To Build Their Nation